*This house is worth $1 million?

Here's another bit of so-called information that's been filtering out since Sunday's killing of Osama bin Laden: That the compound in Abbottabad is somehow valued at a million bucks. Now, I don't know much about Pakistan real estate, but doesn't that seem a little hard to believe? A reader writes into Dealbreaker:

"I think I have a solution for the housing problem. All we need to do is hire the people who appraised Bin Laden's hideout at $1 million. Seriously, it's an odd shaped lot, with uneven fences, no phone lines or internet connection, crumbling walls, cheap plastic garden furniture, in a country with a per capita GDP of $2,700. Unless the place comes with a cone of silence or room of invisibility, I don't see how that could be worth $1 million. And if it is, either the dollar is more worthless than I thought or my home might actually be worth more than I paid for it.

*Update: The Guardian spoke to a couple of Abbottabad real estate folks and they're saying that the property is worth, at most, $250,000.

"Twenty million rupees, maximum," said property dealer Muhammad Anwar, a 22-year veteran of the local market, at his Abbottabad office. "No swimming pool. This is not a posh area. We call it a middling area." Asked about the American estimate, he chuckled. "Maybe that's the assessment from a satellite. But here on the ground, that's the price."